
The Iron Law of Wealth Building (or How to Translate Personal Financial Statements into Results) RPF0029
Radical Personal Finance
00:00
Compounding Income
If you're looking for the most powerful thing that you can compound, forget about investments. Focus on the income. A growth from three % to six % is an incredible difference between a hundred 30 or and 411 thousand dollars. If i put in 26 % annually, then that means that you're earning 413 million dollars year at age 65. I think anybody could do six % if they wanted to. But are there not people who have done that? Now maybe the formula does break down into ten points of different percentages per example. We'll see how it plays out over time.
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